Read more
5:58 PM · 29 May 2024

Daily summary: Wall Street drops amid pick-up in yields, strong USD pressures commodities

US500
Indices
-
-
  • Wall Street indices are pulling back today - S&P 500 drops 0.6%, Dow Jones trades 1% lower, Nasdaq declines 0.4% and small-cap Russell 2000 slumps around 1.5%
  • Pullback on US indices is triggered by a spike in US yields, which in turn was triggered by hawkish comments from Fed Kashkari yesterday as well as weak demand on Treasury auctions
  • USD is the best performing major currency, putting pressure on precious metals and other commodities. Gold drops around 0.8% at press time
  • Energy commodities also trade lower, with oil dropping around 1% and US natural gas prices plunging almost 6%
  • Cocoa surges over 7% amid lack of sufficient rainfall in West Africa and continued declines in merchant inventories
  • Cryptocurrencies trade lower amid stronger USD - Bitcoin drops 1.3%, while Ethereum trades 2.1% lower
  • American Airlines plunge around 15% today after the company cut Q2 guidance. Other US airlines also traded under pressure
  • Abercrombie & Fitch rallies over 20% after company reported better-than-expected fiscal-Q1 2025 earnings and issued upbeat fiscal-Q2 and full-year forecasts
  • European stock market indices traded lower today, with blue chips indices from Germany, France, Italy and Spain dropping over 1%. Polish WIG20 was among top laggards with an almost 1.7% drop
  • German CPI inflation accelerated from 2.2 to 2.4% YoY in May, in-line with expectations. However, monthly increase of 0.1% MoM was smaller than 0.2% MoM expected
  • Richmond Fed index improved from -7 to 0 in May (exp. -2)
  • Spanish retail sales increased 0.3% YoY in April, down from 0.9% YoY in March
5 December 2025, 6:56 PM

Daily Summary: Wall Street ends the week with a calm gain 🗽 Cryptocurrencies slide

5 December 2025, 4:30 PM

3 markets to watch next week (05.12.2025)

5 December 2025, 3:56 PM

US100 gains after PCE data 📈

5 December 2025, 3:17 PM

Santa Claus Rally – myth, statistics or a real market opportunity in 2025?

Join over 2 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits